MIDEL
ActiveSummary
MIDEL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€22,920) and a net result of -€73. Equity is shrinking by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 2460 sector peers (fiscal year 2025). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2460 sector peers (2025).
NBB · sector comparisonPosition among 2460 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
14 d late
2023
20 d late
2022
16 d late
2021
19 d late
2020
12 d late
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€22,920▼ 0.3%
2024 · -€22,847
Net result
-€73
2024 · €2,945
Total assets
€7,896▼ 3.4%
2024 · €8,171
Solvency
-290.3%▼ 10.7pp
2024 · -279.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€49,640▼ 23.9%€64,520▲ 30.0%
Operating result-€9,848-€1,500▲ 84.8%-€5,049▼ 237%€11,710€6,051▼ 48.3%
Net result-€11,553below the sector's middle half-€6,063below the sector's middle half▲ 47.5%€1,691below the sector's middle half€2,945below the sector's middle half▲ 74.1%-€73below the sector's middle half
Equity-€21,421below the sector's middle half▼ 117%-€27,483below the sector's middle half▼ 28.3%-€25,792below the sector's middle half▲ 6.2%-€22,847below the sector's middle half▲ 11.4%-€22,920below the sector's middle half▼ 0.3%
Total assets€19,282below the sector's middle half▲ 28.1%€8,488below the sector's middle half▼ 56.0%€8,425below the sector's middle half▼ 0.7%€8,171below the sector's middle half▼ 3.0%€7,896below the sector's middle half▼ 3.4%
Debt€40,702▲ 63.4%€35,972▼ 11.6%€34,217▼ 4.9%€31,018▼ 9.3%€30,817▼ 0.6%
Working capital-€26,544▼ 32.5%-€28,618▼ 7.8%-€26,218▲ 8.4%-€23,092▲ 11.9%-€23,001▲ 0.4%
Solvency-111.1%below the sector's middle half▼ 45.5pp-323.8%below the sector's middle half▼ 212.7pp-306.1%below the sector's middle half▲ 17.7pp-279.6%below the sector's middle half▲ 26.5pp-290.3%below the sector's middle half▼ 10.7pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7,896
Fixed assets
€81 ▼ 67.0%
Current assets
€7,815 ▼ 1.4%
Key figures and ratios
ROA
-0.9%▼
2024 · 36.0%
Debt ≤ 1 year
€30,817▼
2024 · €31,018
Income taxes
€3,306▼
2024 · €4,985
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €49,640 | €64,520 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €54,143 | €61,800 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,951 | €889 | €856 | €180 | €164 | ▼ 8.9% |
| Other operating charges640/8 | €3,394 | €3,331 | €8,288 | €2,949 | €2,389 | ▼ 19.0% |
| Gross operating margin9900 | -€4,503 | €2,720 | €4,095 | €14,840 | €8,605 | ▼ 42.0% |
| Operating profit (loss)9901 | -€9,848 | -€1,500 | -€5,049 | €11,710 | €6,051 | ▼ 48.3% |
| Financial income75/76B | - | €0 | €12,855 | - | €0 | - |
| Recurring financial income75 | - | €0 | €0 | - | €0 | - |
| Non-recurring financial income76B | - | - | €12,855 | - | - | - |
| Financial charges65/66B | €955 | €1,112 | €2,129 | €3,780 | €2,819 | ▼ 25.4% |
| Recurring financial charges65 | €955 | €1,112 | €2,129 | €3,780 | €2,819 | ▼ 25.4% |
| Profit (loss) for the period before taxes9903 | -€10,803 | -€2,612 | €5,677 | €7,930 | €3,232 | ▼ 59.2% |
| Income taxes67/77 | €751 | €3,451 | €3,986 | €4,985 | €3,306 | ▼ 33.7% |
| Profit (loss) for the period9904 | -€11,553 | -€6,063 | €1,691 | €2,945 | -€73 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | -€11,553 | -€6,063 | €1,691 | €2,945 | -€73 | ▼ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,282 | €8,488 | €8,425 | €8,171 | €7,896 | ▼ 3.4% |
| Fixed assets21/28 | €5,123 | €1,135 | €426 | €245 | €81 | ▼ 67.0% |
| Intangible fixed assets21 | €3,099 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2,024 | €1,135 | €426 | €245 | €81 | ▼ 67.0% |
| Plant, machinery and equipment23 | €2,024 | €1,135 | €426 | €245 | €81 | ▼ 67.0% |
| Current assets29/58 | €14,159 | €7,353 | €7,999 | €7,926 | €7,815 | ▼ 1.4% |
| Amounts receivable within one year40/41 | €14,159 | €7,296 | €7,942 | €7,869 | €7,815 | ▼ 0.7% |
| Trade receivables40 | €13,406 | €7,296 | €7,942 | €7,869 | €7,815 | ▼ 0.7% |
| Other amounts receivable41 | €753 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €57 | €57 | €57 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,282 | €8,488 | €8,425 | €8,171 | €7,896 | ▼ 3.4% |
| Equity10/15 | -€21,421 | -€27,483 | -€25,792 | -€22,847 | -€22,920 | ▼ 0.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €456 | €456 | €456 | €456 | €456 | = |
| Non-distributable reserves130/1 | €456 | €456 | €456 | €456 | €456 | = |
| Legal reserve130 | €456 | €456 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €456 | €456 | €456 | = |
| Profit (loss) carried forward14 | -€40,469 | -€46,532 | -€44,840 | -€41,895 | -€41,969 | ▼ 0.2% |
| Amounts payable17/49 | €40,702 | €35,972 | €34,217 | €31,018 | €30,817 | ▼ 0.6% |
| Amounts payable within one year42/48 | €40,702 | €35,972 | €34,217 | €31,018 | €30,817 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €3,614 | €9,585 | €5,945 | €5,164 | - | - |
| Financial debts43 | €1,551 | €2,070 | €2,371 | €1,868 | €1,948 | ▲ 4.3% |
| Credit institutions430/8 | €1,551 | €2,070 | €2,371 | €1,868 | €1,948 | ▲ 4.3% |
| Trade debts44 | €23,601 | €11,359 | €12,039 | €9,654 | €15,433 | ▲ 59.9% |
| Suppliers440/4 | €23,601 | €11,359 | €12,039 | €9,654 | €15,433 | ▲ 59.9% |
| Taxes, remuneration and social security45 | €11,936 | €12,958 | €13,862 | €14,332 | €13,435 | ▼ 6.3% |
| Taxes450/3 | €11,936 | €12,958 | €13,862 | €14,332 | €13,435 | ▼ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,553 | -€6,063 | €1,691 | €2,945 | -€73 | ▼ 102% |
| + Depreciation and write-downs630 | €1,951 | €889 | €856 | €180 | €164 | ▼ 8.9% |
| Operating cash flow (approximation) | -€9,603 | -€5,174 | €2,548 | €3,125 | €91 | ▼ 97.1% |
| Investment in fixed assets (approximation) | - | €3,099 | -€147 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Highest result since 2018net €2,945 ▲74.1%
Operating result €11,710, net result €2,945, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Back to profitnet €1,691
Net result €1,691 after 2 loss-making years.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €2,472
Net result €2,472 after 2 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet -€12,041
Net result drops to -€12,041, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ottignies-Louvain-la-Neuve · 1 establishment unit since 1986
Ground area
1,548 m²
Building footprint
197 m²
Volume, LiDAR
1,831 m³
2 parcels, Wallonia · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Eglise Saint-Etienne 24, 1380 Lasne
since 19862.035.392.471
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25016D0144/00F000 | Wallonia | 1,337 m² | 1 · 118 m² | 10.5 m · 3 fl. |
| 25076C0239/00D000 | Wallonia | 211 m² | 1 · 80 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 238 companies in sector 66290 we hold annual accounts for 146. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-09-1986
Fiscal year end31-12
Activities, NACEBEL 2025
66290Activities auxiliary to financial services and insurance activities
66210Risk and damage evaluation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429321307
Also
9925:BE0429321307
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.